Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Dividend 15 Split Corp T.DFN

Alternate Symbol(s):  DFNPF | T.DFN.PR.A | DVSPF

Dividend 15 Split Corp. is a Canada-based mutual fund, which invests primarily in a portfolio of dividend yielding common shares, which includes approximately 15 Canadian companies. It offers two types of shares, including Preferred shares and Class A shares. Its investment objectives with respect to Preferred Shares are to provide holders with fixed cumulative preferential monthly cash dividends in an amount of $0.04583 per Preferred share to yield 5.5% per annum on the $10 repayment amount and to return the $10 repayment amount to their holders on the termination date. Its investment objectives with respect to Class A Shares are to provide holders with regular monthly cash distribution targeted to be $0.10 per Class A share and return the original issue price to their holders on the termination date. The net asset value per unit must remain above the required $15 per unit threshold for distributions to be declared. Its investment manager is Quadravest Capital Management Inc.


TSX:DFN - Post by User

Post by devi01on Sep 27, 2023 1:25pm
461 Views
Post# 35657350

DFN is a steal right now

DFN is a steal right nowFolks this is one of the great opporunity to buy DFN. Here is why

Facts
DFN has been around for about 19.5 years which translates into 12 x 19.5 = 234 months 
Out of 234 months DFN has only missed 5 payments
So that means 229 payments out of 234 This translates into 229/234 = 97.86 % payment rate

My Scenario
Now assume you buy it today at  ~3.90 and a yield of ~30% and invested 10K for 10 years
You keep it for next 10 years
Total payments = 10 *12 = 120 and to be safe assume that payment rate is 90% and not 97.86%
This means = 120 * .90 = 108 payments 
Final numbers
Units owned = 10000/3.9 = 2564
Payments @ 90% = 108
Total payment = 2564 * .10 * 108 = 27691
Assuming after 10 years if you the stock price remains same at 3.90 you would have roughly quadrupled your money.  from 10000  to  10000 + 27691 = 37691

Most important thing
You have to be paitent investor to reap this benifit


<< Previous
Bullboard Posts
Next >>